Customer

A customer (sometimes known as a client, buyer, or purchaser) is the recipient of a Good or a service, or a product, or an idea, obtained from a seller, vendor, or supplier via a financial transaction or exchange for money or some other valuable consideration. Etymologically, a client is someone merely inclined to do business, whereas a purchaser procures goods or services on occasion but a customer customarily or habitually engages in transactions. This distinction is merely historic. Today customers are generally categorized into two types:

  • An entrepreneur' or trader (sometimes a commercial Intermediary) who is a dealer that purchases goods for re-sale.
  • An end user or ultimate customer who does not re-sell the things bought but is the actual consumer or an agent such as a Purchasing officer for the consumer.
  • A customer may or may not also be a consumer, but the two notions are distinct, even though the terms are commonly confused. A customer purchases goods; a consumer uses them. An ultimate customer may be a consumer as well, but just as equally may have purchased items for someone else to consume. An intermediate customer is not a consumer at all. The situation is somewhat complicated in that ultimate customers of so-called industrial goods and services (who are entities such as government bodies, manufacturers, and educational and medical institutions) either themselves use up the goods and services that they buy, or incorporate them into other finished products, and so are technically consumers, too. However, they are rarely called that, but are rather called industrial customers or business-to-business customers. Similarly, customers who buy services rather than goods are rarely called consumers.

    Latest News for: Offshore market

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    Stablecoins can lead to US Dominance, Bitcoin is too Volatile but has… : Hear Ming ...

    CoinGape 22 Mar 2025
    Bitcoin (BTC) maintains its dominance in the crypto market with a market cap of around $1.67 trillion, representing 58.27% of the total crypto market followed by Ethereum ... While public crypto use is restricted, underground trading persists through peer-to-peer (P2P) markets and offshore exchanges....
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    Big Technologies ‘can no longer rely’ on statement by Sara Murray

    The Times/The Sunday Times 21 Mar 2025
    ... came under further pressure after the company said it “could no longer rely” on a statement she had signed in relation to her connections with a network of “opaque” offshore shell companies ... Big Technologies founder faces new claims over offshore deals....
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    Gibson tanker report – Opening the Floodgates

    Hellenic Shipping News Worldwide 21 Mar 2025
    A few years ago, the VLCC market buzzed with talks of new offshore export terminals capable of fully loading VLCCs Source. GIBSON SHIPBROKERS LTD .......
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    The Resource Curse and the Struggle for Self-Determination in Western Sahara

    Independent online (SA) 21 Mar 2025
    By Alvin Botes ... South Africa (SA) now marks this day as Human Rights Day—a time to remember those who fought for our freedom, dignity, and self-determination ... Losing this mine would substantially diminish Morocco’s share of the global phosphate market. Morocco also suspects potential offshore oil and gas reserves in adjacent waters ... ....
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    Asset manager buys majority stake in OEG Energy for over $1bn

    Splash24/7 20 Mar 2025
    ... have acquired a majority stake in Aberdeen-based offshore contractor OEG Energy ... OEG has been operating for more than 50 years in the oil & gas and offshore wind markets....
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    India's GDP to expand by 6.7 pc in FY25, fastest growing in Asia-Pacific: S&P Global

    International Business Times 20 Mar 2025
    Sectors with a high dependence on US markets are mainly IT services, chemicals, and autos ... "We expect Indian firms to predominantly fund onshore this year given the lower cost of domestic markets. Offshore channels, including ... Indian stock market opens higher, Sensex above 75,900....
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    DOF agrees refinancing loan worth over $1bn

    Splash24/7 19 Mar 2025
    Norwegian offshore vessel owner DOF has secured a $1,025m ... This loan demonstrates access to competitive funding and is a testament to the strong market position within offshore and subsea services the team at DOF has built,” said Mons Aase, CEO of DOF....
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    Turbine makers cutting bigger market slices

    China Daily 19 Mar 2025
    Domestic turbine manufacturers dominated the global market in 2024, securing six of the top 10 positions and, for the first time, sweeping the top four spots worldwide, said BloombergNEF ... China's expanding market share and the transition to next-generation offshore wind turbines contributed to a wider deployment of larger turbines, he said....
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    US HR and offshore prices hold steady

    Steel Market Update 19 Mar 2025
    Domestic hot-rolled (HR) coil prices were flat this week, a trend mirrored in offshore markets. ....
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    Turkey’s markets plunge on the arrest of Erdogan’s rival Ekrem Imamoglu, Lira hits record low

    Invezz 19 Mar 2025
    Local investors, who dominate the Turkish equity market, reacted swiftly, driving a broad selloff in stocks ... The selloff extended to offshore markets, with overnight lira swap rates jumping by more than 10 percentage points to 48%, signaling a significant unwinding of carry trade positions.What does it mean for Turkey’s economic outlook....
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    New study to assess growth of UK-built offshore wind vessels

    Splash24/7 18 Mar 2025
    UK’s Offshore Renewable Energy (ORE) Catapult, in partnership with the National Shipbuilding Office and The Crown Estate, has appointed APCL Cammell Laird to carry out a detailed analysis of the future market opportunity for UK-built ships in offshore wind ... Will Apps, the offshore ......
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    Israel awards exploration licences to BP, Socar and NewMed

    Offshore Technology 18 Mar 2025
    The consortium, which jointly bid for two offshore blocks in 2023, will explore Cluster I near the Leviathan field, reported Reuters ... That is why we are working to expand natural gas production for both the domestic market and exports, especially in these times.”....

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